SPRINGFIELD, Mo. -- Governor Jay Nixon spoke to Springfield school leaders Thursday night, thanking them for supporting his veto of House Bill 253.
The legislation, the governor says, would have threatened state funding for public schools; he vetoed it in June.
Gov. Nixon told district leaders Missouri school districts stand to lose as much as $450 million this school year, plus $260 million annually, if state legislators succeed in overriding his veto this September.
The Springfield R-12 School District says that could result in the district losing more than $7.5 million in state funding in 2013-2014.
The SPS School Board passed a formal resolution earlier this week making its position clear to state legislators.
In his six-page veto message, Nixon called the bill "an ill-conceived, fiscally irresponsible experiment that would inject far-reaching uncertainty into our economy, undermine our state's fiscal health, and jeopardize basic funding for education and vital, public services."
Republicans say the tax cut would make Missouri more competitive with Kansas, where taxes on businesses and individuals have been cut in recent years. Nixon says Kansas' tax rate is still higher than Missouri's, and says Kansas is now dealing with the results of its tax cut efforts.
Supporters of the bill say they will try override Nixon's action during the September veto session.
House Speaker Tim Jones, R-Eureka, released this statement:
"There is no doubt that Governor Nixon will be twisting every arm he can on this bill in the lead-up to veto session. I will be discussing the issue with the rest of the caucus at our upcoming meeting and will be counting the votes closely. Giving taxpayer dollars back to hard-working Missouri families, farmers, and small business owners - not using this money for bigger government - is a priority of our Republican majority."